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Discussion on: IoT in Oil & Gas: Analyzing Technology & Use Cases

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LillyBet2 • Edited on

In fact, these are all the same reasons that prevent the use of digital technology in other industries - the lack of sufficient information to make decisions. It's strange because there are resources like digitaloilandgas.solutions, which help solve such problems. Also, inadequate and inefficient risk assessment, lack of understanding of the consequences of decisions.
But machine learning technologies have come a long way in recent years, and they are now used everywhere. They are used to build weather forecasting models, detect anomalies, assess reliability and predict the behavior of complex systems, which creates hope for the future.